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Press Release

Neuberger Berman International Equity Fund Surpasses $1 Billion in Assets

Media Contacts:

Alexander Samuelson, 212.476.5392, Alexander.Samuelson@nb.com

NEW YORK, October 22, 2013 – Neuberger Berman Group LLC, one of the world's leading employee-controlled money managers, is pleased to announce that the firm's International Equity Fund (tickers: NBIIX, NIQAX, NIQCX, NIQTX, NIQVX), has exceeded $1 billion in assets under management amid investor inflows and investment gains.

Neuberger Berman International Equity Fund ("the Fund") is led by veteran portfolio manager Benjamin Segal, head of the firm's global equity team. As of September 30, 2013, fund tracker Morningstar Inc. rates the Fund's Institutional and Investor share classes 5 stars, and Trust share class 4 stars overall rating (NBIIX, NIQVX, and NIQTX, respectively) and awards it a Bronze rating (in the Foreign Large Blend category of 767 funds). The Fund's Institutional Class ranks in the 19th percentile for the three-year annualized period out of 767 funds, and in the 11th percentile for the five-year annualized period out of 710 funds, respectively, through 9/30/13, according to Morningstar.

Benjamin Segal and his team employ a flexible, actively managed all-cap approach seeking quality companies that sell for reasonable prices across styles, market capitalization, within and also outside the MSCI EAFE Index.

"Our strategy is based on bottom-up stock picking and fundamental analysis, so we are focused on finding companies that can turn challenges into opportunities, as opposed to predicting economic outcomes," Benjamin Segal said. "In our view, stock selection is the key to investing in international markets. Where companies are domiciled is not what really matters; it's about identifying those individual companies that have the greatest risk-reward potential. That's why we focus on companies that we believe have the potential to sustain growth and generate returns, but also trade at discounted valuations."

About Neuberger Berman

Neuberger Berman is a private, independent, employee-controlled investment manager. It partners with institutions, advisors and individuals throughout the world to customize solutions that address their needs for income, growth and capital preservation. Neuberger Berman has more than 1,900 employees worldwide, with approximately 450 investment professionals, offering an investment culture of independent thinking. Founded in 1939, the company provides solutions across equities, fixed income, hedge funds and private equity, and had $227 billion in assets under management as of September 30, 2013. For more information, please visit our website at www.nb.com.